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Published 2 months ago

BRICS Is Developing a Blockchain Payment System

Summary by Ground News

The BRICS alliance, consisting of Brazil, Russia, India, China, and South Africa, plans to collaborate on developing a payment system. The system is set to become an independent mechanism for conducting transactions among BRICS member nations. The BRICS group has also been actively working toward de-dollarization, seeking alternatives to the U.S. dollar.

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BRICS Is Developing a Blockchain Payment System

Ushakov highlighted that the system is convenient, free of political influence, and economically efficient.

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